Orion Porfolio Solutions LLC Has $4.42 Million Stock Position in TotalEnergies SE Sponsored ADR $TTE

Orion Porfolio Solutions LLC raised its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 16.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,962 shares of the company’s stock after buying an additional 10,147 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in TotalEnergies were worth $4,418,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. NewSquare Capital LLC raised its stake in TotalEnergies by 141.5% during the 2nd quarter. NewSquare Capital LLC now owns 495 shares of the company’s stock valued at $30,000 after purchasing an additional 290 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of TotalEnergies during the second quarter valued at about $34,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of TotalEnergies in the second quarter valued at about $38,000. Financial Management Professionals Inc. lifted its stake in shares of TotalEnergies by 49.0% in the second quarter. Financial Management Professionals Inc. now owns 721 shares of the company’s stock valued at $45,000 after buying an additional 237 shares during the period. Finally, Westside Investment Management Inc. grew its position in TotalEnergies by 59.8% during the second quarter. Westside Investment Management Inc. now owns 799 shares of the company’s stock worth $49,000 after buying an additional 299 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Down 2.1%

Shares of NYSE TTE opened at $63.90 on Wednesday. TotalEnergies SE Sponsored ADR has a 52-week low of $52.78 and a 52-week high of $66.92. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.82 and a current ratio of 1.01. The business has a fifty day moving average of $63.15 and a two-hundred day moving average of $62.09. The stock has a market cap of $153.20 billion, a PE ratio of 10.32, a PEG ratio of 3.45 and a beta of 0.22.

TotalEnergies (NYSE:TTE) last posted its earnings results on Monday, November 3rd. The company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.04). The firm had revenue of $87.69 billion during the quarter, compared to the consensus estimate of $43.66 billion. TotalEnergies had a return on equity of 13.54% and a net margin of 6.98%. As a group, equities research analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on TTE shares. Loop Capital set a $73.00 price objective on TotalEnergies in a research report on Monday, November 3rd. HSBC cut TotalEnergies from a “buy” rating to a “hold” rating in a research report on Monday, December 1st. Piper Sandler boosted their price target on shares of TotalEnergies from $69.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, November 10th. Berenberg Bank cut shares of TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a research note on Thursday, September 25th. Finally, Hsbc Global Res lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $66.96.

About TotalEnergies

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.